Over the past 16 year, the share of oil and gas revenues of the federal budget has decreased to a minimum and amounted to approximately 28% of all revenues, analytical note of the Accounts Chamber of the Russian Federation.
The article notes that over 9 months of 2023, the oil and gas revenues of the budget of the Russian Federation amounted to 28.3% of the total revenue and compared to the same period last year, the share of such revenues decreased by 15% or 2.9 trillion rubles.
As a result, the share of oil and gas revenues in the total budget revenues of the Russian Federation has become the lowest since 2007.
The Accounts Chamber noted that the main reasons for such a reduction is a decrease in the receipts of the mineral extraction tax and export duties on energy resources, as well as a decrease in the average price of Urals crude oil from $82.9 to $55.9 per barrel.
The continuation of the tax maneuver in the oil industry and the payment of additional income tax by deposits also had an impact.